Bearish retail sentiment declined for the second week
Despite the recent drop in stock prices, retail investors were a little less bearish in the latest survey.
Read MoreInitial jobless claims above 200k for the second week
Initial jobless claims were higher than expected, but the data reinforces that the labor market remains tight.
Read MoreWholesale prices up 11% y/y
On the heels of yesterday’s hot Consumer Price Index, today, the Bureau of Labor Statistics reported its Producer Price Index (PPI) for final demand eased from March’s record levels.…
Read MoreInflation data knocks stocks down
On Wednesday, equity futures were headed for a stronger open until the CPI data at 8:30am pulled the rug out from under them.
Read More% of stocks above the moving averages
The percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages moved lower again yesterday with the 1.65% drop in the SPX.
Read MoreEarly Thursday look
S&P equity futures are trading below Wednesday's close, amidst a sharply lower session in Europe and a negative Asia overnight.
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